£40 mill lottery couple
Discussion
supersingle said:
Just imagine for a moment that you've just won the lottery. Over the next five years how many friends will you lose? How many friends will you gain? Will you be better off at the end of it?
A. Umm, There is a certain assumption implied in the question...B. Lots of friends gained. Just not human, or even carbon based lifeform, friends...
C. Happiness wise? yes. financially...
I wouldn't reveal the win though.
supersingle said:
It's all very well saying you'd help out friends and family but where does it stop? Once you've bought them houses they'll come back for money for a business, education for their kids, etc. Who do you cut out? Those who miss out are going to be mightily pissed off!
It's a poisoned chalice and the reason I never do the lottery. Folk shouldn't be gifted wealth, they should earn it.
For the why.It's a poisoned chalice and the reason I never do the lottery. Folk shouldn't be gifted wealth, they should earn it.
oobster said:
What I would do if I won £40M would be to tell family and friends weeks later than we'd had a modest normal Saturday night non-rollover win, here is a few quid to pay off your mortgage, spend a few quid ourselves getting a house built somewhere in the UK and buying a few choice cars for the garage then live off the interest for the rest of our lives.
What I would NOT do is go public. Absolute madness.
That's exactly my plan too - I have a "Lottery Win" emergency planning folder. What I would NOT do is go public. Absolute madness.
With £40M you could help a lot of people though, unless you went completely crazy with your own life. Spend £4M, put £6M away (even at 2% interest after tax that's still £10K/mth) and you've got £30M (increasing by £50K/mth at 2%) to spray around. You could touch a lot of people's lives with that.
I think most well educated people would choose anonymity. If I won that sort of money it would be a very short conversation with Camelot.
That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
ALawson said:
I think most well educated people would choose anonymity. If I won that sort of money it would be a very short conversation with Camelot.
That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
Complete agree - tHat's why no PHer would go public That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
jimslops said:
ALawson said:
I think most well educated people would choose anonymity. If I won that sort of money it would be a very short conversation with Camelot.
That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
Complete agree - tHat's why no PHer would go public That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
onyx39 said:
jimslops said:
ALawson said:
I think most well educated people would choose anonymity. If I won that sort of money it would be a very short conversation with Camelot.
That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
Complete agree - tHat's why no PHer would go public That said I would simply by a 80-100ft yacht something that could easily do 350 nauticle miles a day. With a swing keel it could anchor and moor in some of the smaller places. A four year circumnavigation would be a nice start. The boat would be high latitude specked to go to ends of the world.
Sorted.
MartG said:
BMWBen said:
If you ignored inflation and played it safe at today's rates you'd get about 150k per year. So... Not that much really.
How do you figure that - most high street building societies are offering around 3% interest, so you'd get a gross of £1.35M pa, and with a good accountant you'd keep at least half of it
slightly embarrassing... MartG said:
How do you figure that - most high street building societies are offering around 3% interest, so you'd get a gross of £1.35M pa, and with a good accountant you'd keep at least half of it
Top rate of income tax in this country is only 50% so even with a s
t accountant, you'd keep a least half of it. With a decent accountant, you could probably keep a lot more than that!Deva Link said:
But look at the Russian oligarchs - a decent superyacht costs £100M, and about £100K a day to run when at sea.
Christ there are some very wealthy people about, makes earning 100k year comedy money 
http://en.wikipedia.org/wiki/Eclipse_(yacht)
Thats a big old boat
Edited by superkartracer on Tuesday 14th February 12:24
Deva Link said:
But look at the Russian oligarchs - a decent superyacht costs £100M, and about £100K a day to run when at sea.
If they have larger pockets, say of a size to buy a football club, their boats run to the £750m mark Though for a taste of that lifestyle you can rent it for around £250k a week
Hyde said:
If they have larger pockets, say of a size to buy a football club, their boats run to the £750m mark
Though for a taste of that lifestyle you can rent it for around £250k a week
Actually the £100K/day figure I mentioned isn't running cost, it's the rental cost. I read the other day there's a new yacht kicking around which is £2M/wk to rent.Though for a taste of that lifestyle you can rent it for around £250k a week
As mentioned above, puts £40M into perspective. Rent a yacht for a couple of months and you've nearly halved the problem of what to do with the money!
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